Next-generation Selangor industrial corridor moves to implementation phase
SD Guthrie Bhd and Sime Darby Property Bhd agreed to a RM798.3 million land acquisition for 1,021.93 acres in Bukit Kerayong Estate, Kapar, as their 50:50 joint venture enters implementation.
Source: SD Guthrie · July 25, 2026 at 11:33 PM · AI-assisted report
CorroboratedKUALA LUMPUR, 26 JULY 2026 —
SD Guthrie Bhd and Sime Darby Property Bhd agreed to a RM798.3 million land acquisition for 1,021.93 acres in Bukit Kerayong Estate, Kapar, as their 50:50 joint venture enters implementation.
Market Impact
The partners will each invest up to RM100 million for 50% equity in the project that targets a 3,000-acre next-generation industrial and logistics corridor in Kuala Selangor. The Bukit Kerayong site is part of the master plan announced on 7 November 2025.
Mohd Haris Mohd Arshad, Guthrie’s President & Group Chief Executive Officer, said the deal demonstrates Guthrie’s strategy to monetise its landbank through partnerships that deliver sustainable returns. “The Bukit Kerayong development will catalyse regional economic growth, support industrial and commercial activity, and create long-term value for stakeholders,” he said.
Dato’ Seri Azmir Merican, Sime Darby Property’s Group Managing Director & Chief Executive Officer, said the partners are moving from planning to execution. “We are integrating sustainable master planning with a strategic landbank to build an industrial corridor that meets evolving supply-chain demand,” he said. “This will attract high-value investments, generate jobs and strengthen Malaysia’s industrial competitiveness.”
The Bukit Kerayong site lies within a high-growth zone adjacent to Port Klang and served by the West Coast Expressway and the upcoming East Coast Rail Link. The corridor is designed as a heavy industrial park anchored by logistics and renewable energy infrastructure.
The venture already holds a 3,000-acre master development area and now formalises the first land transaction. The RM798.3 million acquisition covers 1,021.93 acres in Bukit Kerayong Estate, Kapar, Selangor.
The partners plan a phased approach to balance market demand with sustainability, infrastructure readiness and long-term value creation. The corridor will complement Sime Darby Property’s Bandar Bukit Raja integrated township and the Carey Island collaboration, forming a connected industrial network across Klang, Kapar and Kuala Selangor.
The project aligns with Malaysia’s New Industrial Master Plan and the Selangor State Government’s strategy to strengthen the logistics, manufacturing and port ecosystem. The joint venture will now advance engineering studies, utilities planning and early infrastructure works ahead of commercial launch.
Related: Sime Darby